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Eurozone Inflation Jumps To 3%

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http://www.bbc.co.uk/news/business-15121758

The eurozone inflation rate is expected to show a sharp increase to 3% in September, up from 2.5% in August, according to official estimates.

No breakdown was given, but the EU's statistics agency said its initial forecasts were usually "reliable".

Separate figures also released by Eurostat showed the eurozone unemployment rate unchanged at 10% in August from the previous month.

The number of people unemployed fell by 38,000 compared with July.

The European Central Bank target for inflation is 2%, and the bank raised interest rates in July from 1.25% to 1.5% in order to combat rising prices.

Is that all they can muster in Euroland? We should send Merv over, he'll have it up to more than double target for you in no time.....

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http://www.bbc.co.uk/news/business-15121758

Is that all they can muster in Euroland? We should send Merv over, he'll have it up to more than double target for you in no time.....

Do you think they could have done that on their own? We sent him over earlier this year when he became vice chairman of the ESRB....

Let me conclude by saying that, in my role as vice Chair of the ESRB, I am fully committed to assess the risks to EU financial stability and, more importantly, to act upon them

http://www.esrb.europa.eu/news/pr/2011/html/sp110502.en.html

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To say that Euroland inflation is only 3% pa is laughable

I have friends/family in France, Germany, Belgium and Spain and they are all complaining.

Energy up

Stealth inflation in food (smaller everything)

Broadband up

It's all a frigging joke.

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To say that Euroland inflation is only 3% pa is laughable

I have friends/family in France, Germany, Belgium and Spain and they are all complaining.

Energy up

Stealth inflation in food (smaller everything)

Broadband up

It's all a frigging joke.

Cannot be much fun for those A Place in Sunners who bought pre-2008 funded by an income or pension in sterling.

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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